Peltz Says Sold Half Of Our Disney Stocks At $113/Share
Portfolio Pulse from Benzinga Newsdesk
Activist investor Nelson Peltz has disclosed the sale of half of his stake in The Walt Disney Company at a price of $113 per share. This move comes amidst Peltz's ongoing efforts to secure a seat on Disney's board, which the company has resisted. The sale could signal a shift in Peltz's strategy or confidence in the company's direction.
January 18, 2024 | 2:48 pm
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Nelson Peltz sold half of his Disney shares at $113 each. This could reflect a change in his approach to his ongoing battle for a board seat, potentially affecting investor sentiment and Disney's stock price.
The sale of a significant portion of Disney shares by a high-profile investor like Peltz could lead to negative investor sentiment in the short term, as it may be perceived as a lack of confidence in the company's future or in the success of his bid for a board seat. This could put downward pressure on Disney's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100